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mylen [45]
3 years ago
15

Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th

e seller on june 18; the merchandise is received by the buyer on june 19; the entry is made in the buyer's accounts on june 16. the credit period begins with what date
Business
1 answer:
scoundrel [369]3 years ago
4 0

June 18th.

The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.

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Assume year 1 is 2019 and by the beginning of year 4, the Sanchezes have paid down the principal amount of the loan to $500,000.
Margaret [11]

Answer: $7,000

Explanation:

Interest deduction is allowed by the IRS if the loan was taken to improve the home. However, for married couples, only loans below the $750,000 limit can have their interest deducted.

The Sanchezes have paid off $500,000 of the principal of their previous loan so we will assume that was enough to get this new loan under the $750,000 limit.

Allowable interest deduction will therefore be:

= 100,000 * 7%

= $7,000

8 0
2 years ago
Hich one of the following account login credentials (username and password) is most important to keep secure?
iVinArrow [24]
The correct option is PRIMARY E MAIL ACCOUNT.
One's primary e mail account is one of the log in details that is needed for one to access one's account on the website of the bank that one is using. The primary e mail account identifies one personally and give access to one's account directly, therefore it is an information that must be jealously guarded.
5 0
3 years ago
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-y
MAVERICK [17]

Answer:

Depreciation for 2018 is = $15,120.60

Depreciation for 2019 is  = $13,133.84

Depreciation for 2020 is = $10,401.04

Depreciation for 2021 is = $10,660.65

Explanation:

solution

we know here

Depreciation under Units of production method is    

Depreciation is = (Cost - Salvage value) × (No of units produced ÷ Expected units of production)

put here value for each year

Depreciation for 2018 is = (42700-1708) × (553300 ÷ 1500000)

Depreciation for 2018 is = $ 15,120.60

 

Depreciation for 2019 is = (42700-1708) ×  (480600 ÷ 1500000)

Depreciation for 2019 is  = $ 13,133.84  

 

Depreciation for 2020 is = (42700-1708)×  (380600 ÷ 1500000)

Depreciation for 2020 is = $ 10,401.04

 

Depreciation for 2021 is = (42700-1708)×  (390100 ÷ 1500000)

Depreciation for 2021 is = $ 10,660.65

5 0
3 years ago
You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increa
Andrews [41]

Answer:

54.55%

Explanation:

The purchasing price is $55

Price has increased to $85.

The monetary increase = $85 - $55 = $30

As a percentage , the increase will be

=$30/$55 x 100

=0.545454 x 100

=54.5454%

=54.55%

3 0
3 years ago
His lesson starts on time (change into negative)​
Dmitrij [34]

Answer:

His lesson started late

Explanation:

3 0
3 years ago
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